SECURITIZATION OF FINANCING RECEIVABLES (Tables)

12 Months Ended

Oct. 29, 2023

SECURITIZATION OF FINANCING RECEIVABLES

Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of the securitization programs were as follows at the end of 2023 and 2022:

	2023		2022
Financing receivables securitized (retail notes)	$	7,357	$	5,952
Allowance for credit losses		(22)		(16)
Other assets (primarily restricted cash)		152		155
Total restricted securitized assets	$	7,487	$	6,091
Short-term securitization borrowings	$	6,995	$	5,711
Accrued interest on borrowings		13		6
Total liabilities related to restricted securitized assets	$	7,008	$	5,717